http://www.tgdaily.com/2006/08/31/intel_layoffs/
Looks like Intel might be eliminating some jobs here...
Intel probably decided to lay-off employees who were still pushing to re-engineer Pentium 4 and Itanium! j/k!
Core & Core 2 teams will probably get promotions/raises too!
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This is a lot to do with business and pleasing stock investors, Intel has been sucking lately in terms of making actual profit on their product, often the solution is to "cut fat" and encourage those with gray hair to leave earlier. It's probably true that they've got a few too many hands on deck.
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brianstretch Notebook Virtuoso
If you look at Intel's balance sheets for the past several quarters you'll see that their cash balance is less than half of what is was despite selling a $billion or two in bonds. Their income statement and especially their reported EPS gives a deceptively optimistic view of the company. Intel can't afford to carry 100,000 employees, at least not without vastly more clueful top management. CPUs are the only thing they make money on, mostly notebook CPUs now that AMD has made huge inroads into desktops and high-end servers. If AMD's 65nm transition goes as well as I think it will (think 25W Turion X2's everywhere), Intel's going to need to cut a lot more than 10,000 jobs. Sooner or later they'll have to write down quite a bit of Netburst inventory too.
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One thing I don't understand. 65nm suppose to bring more profit to Intel at least for a year already even Intel lower down the price quite surprisingly. AMD's market share doesn't grow sharply. Where is the purchase force goes?
The other funny thing is: new machines are released in fairly low price right now, even cut down the price right after one month of releasing. Dell, HP, they act similar. What's going on?
Well, it is good to consumers, but I still feel strange.
News: Intel May Lay Off 10,000
Discussion in 'Hardware Components and Aftermarket Upgrades' started by Greg, Aug 31, 2006.